Quote of the Day

"What we call a “mania” is just shorthand for saying that a lot of people – and machines – made the same bet, as happened in January when day traders – many of them inexperienced – drove up the price of GameStop. Maybe they were all acting rationally and in concert. Maybe they were duped by insiders or weren’t fully calculating those risks."

(Gayle Rogers)

Chart of the Day

Transportation stocks are on a roll. (chart via @ycharts)